For Sale
$159,000

402 Green Briar Cove RdUnion Grove, AL 35175

Three-unit apartment building, great rental income.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a three-unit apartment building situated on a 0.8-acre lot in Union Grove, Alabama. The property, located at 402 Greenbriar Cove Rd, 35175, comprises three individual mobile homes, each with its own septic tank. Two units boast three bedrooms and two bathrooms, while the third unit offers two bedrooms and two bathrooms. Heating and cooling systems vary across the units; one features an electric heat pump, another a furnace, and the third utilizes wall units with window air conditioners. The property provides ample parking with six spaces available. The combined monthly rental income currently totals $1700, representing a strong return on investment. The total square footage of the building is 2,820 square feet. This property is priced at $159,000 and presents a compelling entry point into the rental market, offering immediate cash flow and significant potential for future growth. The property's location in Union Grove, Alabama offers a convenient and accessible setting for tenants. This is a turnkey investment ready for a new owner.

Highlights

  • $159,000 asking price.
  • Multifamily apartment building with three units.
  • 2,820 square feet.
  • Three buildings on a 0.8-acre lot.
  • Six parking spaces.
  • Located at 402 Greenbriar Cove Rd, Union Grove, AL 35175.

Property Details for 402 Green Briar Cove Rd

Property type
Apartment buildings
Square Feet
2,820 SF
Buildings
3
Lot Size (sq. ft)
34,848 SF
Units
3

Location Insight

City
Union Grove
County
Marshall
State
Alabama
Latitude
34.437512
Longitude
-86.5408465
402 Green Briar Cove Rd, Union Grove, Alabama

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402 Green Briar Cove Rd
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